South Central Kansas MLS Releases Home Sales Figures for July 2021

Homes sales in South Central Kansas fell by 9.5% in July compared to the prior year. Sales in July 2021 totaled 1,120 units, down from 1,238 in 2020.

Among existing homes, 1,051 units sold in July, a decrease of 7.0% from 1,130 units that sold in 2020.

The average sale price of existing homes was $222,519. This represents an increase of 17.0% from the July 2020 average price of $190,195.

For new construction, 69 sales occurred in July, down from 108 units the prior year, a decrease of 36.1%. The average sale price of new homes in July was $342,222, down 1.8% from the same period last year. A total of 1,103 contracts for sale were written in July 2021, down from 1,220 in July 2020. This is a decrease of 9.6%. Contracts written during the month reflect, in part, sales that are set to close in the near future.

The inventory of active listings in South Central Kansas stood at 1,029 units at the end of July, which is down from 1,236 homes that were on the market at the end of July last year. At the current rate of sales, this figure represents 1.0 months’ supply of homes on the market.

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Prepared courtesy of the Kansas Association of REALTORS® using data from the South Central Kansas MLS®. Provided by the WSU Center for Real Estate